Quote:
Originally Posted by ohiocat
Thanks for sharing this. Is this an additional property tax? We were looking at a house in Bradford and asked the agent about the taxes and I thought they were a bit high, now I'm wondering if this was included.
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Here is a breakdown for a Fenney villa with a sale price of $161k with no exemptions. You can compute your taxes by inputting the sale price in the assessed column. Say you purchase a new home for $300k, your City of Wildwood tax would be approximately $1,000 unless you qualify for a homestead exemption, which would bring line items 1,3,4 down $50,000 and the second line down $25,000.
Taxing authority Millage Assessed Taxable Tax
SUMTER COUNTY 6.7000 161,240 $1,080.31
SUMTER CO SCHOOL BD 5.4200 161,240 $873.92
CITY OF WILDWOOD 3.3980 161,240 $547.89
SWFWMD 0.2801 161,240 $45.16
Levying authority Rate Amount
VILLAGES FIRE DISTRICT $124.00
VILLAS MAINTENANCE $389.94
VILLAS BOND $925.55
Combined taxes and assessments: $3,986.77